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Traffic gridlock in Metro Manila. RIO DE JANEIRO - The Asian Development Bank (ADB) and seven other multilateral development banks (MDBs) today announced their commitment to provide more than $175 billion of loans and grants for transport in developing countries over the next decade. “Rapid motorization is creating more congestion, air pollution, traffic accidents and greenhouse gas emissions – especially in developing countries,” said ADB President Haruhiko Kuroda, speaking on behalf of the MDBs at a news conference in Rio de Janeiro. “Developing countries have the opportunity to leapfrog to a greener future of less motorization, shorter commutes, and more energy efficient transport systems.” Global CO2 emissions from the transport sector are projected to increase nearly 50% by 2030 – with profound environmental, economic and social consequences – unless dramatic changes are adopted. In many Asian nations, losses from traffic-related congestion already amount to 5% of GDP.  Ma...

Map of Maldives President Waheed has announced that the whole of the Maldives will become a marine reserve by 2017. The announcement was made during the Rio de Janeiro meeting on Wednesday (June 21st). The commitment would see the Maldives become the first country in the world to become a marine reserve. Marine reserve status for all 1,192 islands is likely to attract international investment in pilot schemes to explore new approaches to conservation and sustainability. A number of islands in the Maldives are Biosphere Reserves. In July 2011 Baa Atoll which consists of 75 islands, was declared a UNESCO Biosphere Reserve and the Government is working to ensure it maintains this status.  It is a model that can be replicated throughout the rest of the Maldives. President Waheed, who made the commitment while addressing the Rio +20 UN Conference on Sustainable Development, said, "I take this opportunity to announce my Government's commitment to make the entire Maldives, by 201...